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What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?

What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?
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What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?

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User Iasia
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2 Answers

2 votes

Answer: Future value

Explanation: Future value (FV) is the value of a current asset at some point in the future based on an assumed growth rate.

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User LethalMaus
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8.2k points
6 votes
I just took the test online, It's Future Value.
answered
User Jeandarcel
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